SME
IPO ·
NSE SME
Manilam Industries India Ltd
Listed
Incorporated in 2015, Manilam Industries India Limited is engaged in the manufacturing and sale of Decorative Laminates and Plywood.
Issue details
Price band
₹65 – ₹69
Face value
₹10
Lot size
2,000 shares
Minimum investment
₹2,76,000
Issue size
₹39.95 Cr
Fresh issue
₹30.40 Cr
Offer for sale
₹7.53 Cr
Issue type
Book Built
Exchange
NSE SME
Key dates
Opens
20 Feb 2026
Closes
24 Feb 2026
UPI mandate cut-off
5:00 PM on 24 Feb 2026
Allotment
25 Feb 2026
Refunds
26 Feb 2026
Shares in demat
26 Feb 2026
Listing
27 Feb 2026
Subscription and listing
Subscription
4.68x
Listing price
₹55.20
Registrar
MAS Services Ltd
Lead manager
NEXGEN Financial Solutions
Subscription by category
Total
4.68x
Total applications
3,723
Anchor investors
Amount raised
₹11.30 Cr
Bid date
19 Feb 2026
50% lock-in ends
27 Mar 2026
Rest lock-in ends
26 May 2026
Listing day
Issue price
₹69
Open
₹55.20
High
₹55.20
Low
₹52.45
Day close
₹52.45
Listing gain at open
-20.00%
Issue structure
Shares reserved per category and share of the total issue
QIB Shares Offered
27,42,000
47.36%
Anchor Investor Shares Offered
16,38,000
28.29%
QIB (Ex. Anchor) Shares Offered
11,04,000
19.07%
NII Shares Offered
8,28,000
14.30%
bNII > ₹10L
5,52,000
9.53%
sNII < ₹10L
2,76,000
4.77%
Retail Shares Offered
19,28,000
33.30%
Market Maker Shares Offered
2,92,000
5.04%
Total Shares Offered
57,90,000
100.00%
Finaccle’s quick read
Avoid
FY25 income up 3%, PAT up 138%, ROE 8.35%, post-issue P/E 23.85x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Incorporated in 2015, Manilam Industries India Limited is engaged in the manufacturing and sale of Decorative Laminates and Plywood. The company has developed and launched several laminate collections, including the Artistica Collection, the Vogue Collection, the Dwar Collection, and the Magnificent Collection. In response to market demand and distributor feedback, additional collections such as Chromatic Tales, Flute, ECP, Wood & Veneer, and Wall Cladding have also been introduced. These collections cater to both residential and commercial applications, providing a wide range of designs and finishes.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
8.35%
ROCE
13.50%
Debt / equity
—
PAT margin
5.33%
P/E post issue
23.85
Market cap
₹150.75 Cr
Use of IPO money
Capital Expenditure-Purchase of equipment/machineries
₹1.25 Cr
Capital Expenditure-Purchase and installation of Solar Panel at the Manufacturing Plant
₹2.20 Cr
Repayment in full or in part, of certain loans availed by the Company
₹3.50 Cr
Working Capital Requirements of the Company
₹16.65 Cr
Expenses for General Corporate Purposes
₹4.82 Cr
Issue Expenses
₹4.00 Cr
Strengths
✓
PAT up 138% in FY25 to ₹7.38 Cr
Risks to watch
!
SME platform: large lot size and thinner trading liquidity
!
Modest PAT margin of 5.33%
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.